November 22, 2005

Over Half Of San Francisco Loans Interest-Only

According to LoanPerformance, San Francisco had the second highest percentage of interest-only loans originated during the first half of 2005. At 53.4%, it was second only to Santa Cruz/Watsonville (54.8%), and almost double the national average of 28.5%. Oakland wasn’t that far behind at 48.8%.

Guess they believe Bob. The good news? 53.4% might be significantly less than previous estimates of nearly 70%.

Boast Busters In The Making [SocketSite]
Interest-only loans meteoric rise in the Bay Area [SocketSite]

First Published: November 22, 2005 2:43 PM

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